The Public School Bus Services industry is projected to grow over the five years to 2016. While the economy's recovery quickens, state funding for schools remains low. For many districts, this has meant consolidating or canceling bus routes. These combined factors muted revenue growth and constricted profit margins for many industry players in recent years. Though the industry is currently struggling, IBISWorld expects revenue to return to healthy rates over the five years to 2021.
This industry includes companies that primarily provide bus services to students in grades K-12 and school employees. School buses transport students to and from school, as well as between school events, field trips, camps and other educational events. Companies also provide transportation for school employees to and from work.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.